14 Aug The New World of Corporate Actions
Neil Sheehan of Celent reports, Unsung No More: The New World of Corporate Actions – Avoiding Errors While Generating Alpha.
With a more relaxed US regulatory climate, tax reform and growing cash reserves more public companies are building strategic growth through mergers and acquisitions. This year alone we witnessed the $88.8 billion merger of Bristol-Myers Squibb/Celgene, $41 billion acquisition of Worldpay by FIS, and Fiserv/First Data combining forces in a $38.2 billion deal. On top of this, in 2018 share buybacks from companies in the S&P 500 hit a record at $806.4 billion. All this governance results in a material change to company’s public equity and debt by the issuance of corporate actions and require shareholders attention and participation.
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